Jindal Supreme (India) Limited IPO — Subscription & GMP
- Price band
- ₹88 – ₹93
- Lot size
- 161
- Issue size
- ₹124.88 Cr
- Bidding
- 16 Sept 2026 → 18 Sept 2026
- Allotment
- —
- Listing
- 23 Sept 2026
Listing outcome
Official exchange pricesGMP was out by 3.2 percentage points in the buyer’s favour — it implied +25.81% and the issue listed +29.03%. Counted in our running GMP accuracy record.
Schedule
- 16 Sept 2026IPO open date
- 18 Sept 2026IPO close date
- 21 Sept 2026Allotment date†
- 21 Sept 2026Funds unblock or debit†
- 23 Sept 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsJindal Supreme (India) Limited - Business Model Summary
Jindal Supreme (India) Limited operates as a manufacturer and supplier of steel pipes, tubes, and related heavy steel products catering to infrastructure, industrial, and transportation sectors.
Core Segments & Product Portfolio
1. Steel Pipes & Tubes Manufacturing: - Products: Produces Mild Steel (MS) black pipes, MS tubes, galvanized iron (GI) pipes, and structural tubes used in diverse engineering applications. - Infrastructure Safety & Utility Products: Manufactures specialized metal components including metal beam crash barriers (W-beam barriers) for highways and roads, along with galvanized steel tubular poles for street lighting and utility transmission.
2. Operational Model: - Operates a business-to-business (B2B) model involving direct industrial sales, bulk supply contracts, and institutional distribution. - Focuses on converting raw steel coils and plates into value-added tubular and safety infrastructure products through in-house processing and galvanizing facilities.
Revenue Streams
- Direct B2B & Institutional Sales: Generates revenue through wholesale commercial supply to infrastructure developers, highway contractors, government bodies, and industrial original equipment manufacturers (OEMs).
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS | ₹5.59 | — |
| P/E ratio | 16.64× | — |
| NAV per share | ₹24.04 | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 45 d ago.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from NSE · fetched 795 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers(QIBs) | 26.86 L | 27.36 Cr | 101.89× |
| 1(a)Foreign Institutional Investors(FIIs) | — | 1.82 Cr | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 10.56 Cr | — |
| 1(c)Mutual funds | — | 40.35 L | — |
| 2Non Institutional Investors | 20.14 L | 50.88 Cr | 252.62× |
| 2.1Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 13.43 L | 34.01 Cr | 253.29× |
| 2.1(c)Others | — | 1.03 Cr | — |
| 2.2Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | 6.71 L | 16.87 Cr | 251.28× |
| 2.2(a)Corporates | — | 8.14 L | — |
| 2.2(b)Individuals(Other than RIIs) | — | 16.30 Cr | — |
| 3Retail Individual Investors(RIIs) | 47.00 L | 39.34 Cr | 83.72× |
| 3(a)Cut Off | — | 34.09 Cr | — |
| 3(b)Price bids | — | 5.26 Cr | — |
| Total | 94.00 L | 117.59 Cr | 125.10× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹88 → ₹93 · peak 170.73 Cr shares bid
Anchor investors
From NSE's anchor allocation filingAnchor investors are institutions allotted shares one working day before public bidding opens, in exchange for a lock-in. Up to 60% of the QIB portion can go to them, which reduces the QIB shares left for everyone else — and their participation is widely read as a confidence signal.
Anchor allocation report (NSE)
This issue’s anchor letter was filed as a scanned image with no text layer, so the allocation table cannot be read without OCR. We link the filing rather than publish figures we cannot verify.
Equity split
Fresh equity vs offer for sale- Fresh equity
- ₹99.89 Cr 80.0%
- Offer for sale
- ₹24.99 Cr 20.0%
- Total issue size
- ₹124.88 Cr
Read from the issue size stated in NSE's filing. The filing quotes the offer for sale as 26.87 L shares rather than a rupee amount, so it is valued here at the cap price of ₹93 — the final figure moves with the issue price.
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹88 – ₹93
- Lot size
- 161 shares
- Min. bid quantity
- 161
- Face value
- ₹10.00
- Tick size
- ₹1.00
- Shares offered
- 94.00 L
- Issue size
- ₹124.88 Cr
- Max bid · QIB
- 94.00 L
- Max bid · NII
- 67.14 L
Timeline & process
- Bidding opens
- 16 Sept 2026
- Bidding closes
- 18 Sept 2026
- Bidding hours
- 10.00 am to 5.00 pm
- UPI mandate cutoff
- 18 th September 2026 (Upto 5.00 Pm)
- Allotment
- —
- Listing
- 23 Sept 2026
Intermediaries
- Registrar
- Bigshare Services Private Limited
- Sponsor bank
- ICICI BANK
- Lead managers
- Sarthi Capital Advisors Private Limited